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UKRAINE: paid claims of MTPL insurers for the last 10 months increased by 11% y-o-y
MTPL insurers in Ukraine from January to October 2020 paid UAH 2.3 billion (~EUR 69 million*) to victims of road accidents, which is 11% more y-o-y, Forinshurer reports according to MTIBU.
7 January 2021UKRAINE: in January-November 2020, MTPL increased by more than 21%, while Green Card dropped by 29% y-o-y
MTPL GWP in January-November 2020 in Ukraine increased by 21.13% to UAH 5.58 billion (~EUR 0.16 billion*), while the number of contracts grew by 3.64% y-o-y.
7 January 2021STATISTICS: UKRAINE, 3Q2020: Assets of insurers decreased by 4.6% since the beginning of the year
At the end of 3Q2020, the Ukrainian insurance market amounted to almost UAH 33 billion (EUR 0.99 billion*), which means a decrease of 18.72% y-o-y (in UAH). At the same time, paid claims increased by 13%, according to data from the National Bank of Ukraine.
17 December 2020UKRAINE: the renewed National Association of Insurers of Ukraine to be headed by Denis YASTREB
On December 16, 2020, 21 non-life insurers (GWP market share 55%, paid claims share 65%) and 10 life insurers (GWP share over 93%, paid claims share 98%) began the legal merger procedure, according to the website of the National Association of Insurers Ukraine.
17 December 2020UKRAINE: Four years anniversary from the start of the system of MTPL direct settlement
December 1st, 2020 marked four years since the system of direct settlement of losses in MTPL was launched in Ukraine. Now, 15 MTIBU (Motor Transport Insurance Bureau of Ukraine) member companies are members of this system, according to the Bureau's website.
8 December 2020UKRAINE: GWP growth of the Ukrainian insurance group exceeded 24% y-o-y
According to the Ukrainian Insurance Group, for the first 9 months of 2020, the company's GWP grew by 24.2% y-o-y, Forinshurer reports.
2 December 2020UKRAINE: Number of MTPL agreements increased by 8.7% y-o-y in 3Q2020
According to the MTIBU (Motor Transport Insurance Bureau of Ukraine), in the third quarter of 2020, the number of concluded MTPL agreements reached 2.24 million units, which is 8.7% more y-o-y. At the same time, collected GWP amounted to UAH 1.65 billion (+30%) (~EUR 49.75 million*), according to the Bureau's website.
25 November 2020UKRAINE: MTIBU enters the most prestigious rating of TOP-25 innovative companies of Ukraine for the first time
MTIBU (Motor Transport Insurance Bureau of Ukraine) entered the most prestigious rating of TOP-25 innovative companies in Ukraine for the first time. The rating was carried out by the authoritative business publication "Vlast Deneg". MTIBU is the only insurance organization included in the rating, the Bureau reports.
19 November 2020UKRAINE: In January-September, income tax of the insurance sector increased by more than 21% y-o-y
In January-September 2020, income tax of Ukrainian insurance companies amounted to UAH 1.245 billion (~EUR 37.54 million*), which is 21.3% more y-o-y, Vice President of the League of Insurance Organizations of Ukraine (LIOU), Aleksandr ZALETOV, said.
11 November 2020UKRAINE: Total profit of ARX and ARX Life from January to September grew by 168% y-o-y
From January to September 2020, total GWP of ARX and ARX Life amounted to UAH 2.2 billion (~EUR 66.33 million*), which is 17% more y-o-y, while total net profit of the two companies reached UAH 308 million (+168% y-o-y), as Forinsurer reported.
5 November 2020UKRAINE: for 9 months MTIBU paid over UAH 12 million from the Victim protection fund to the victims of road traffic accidents
From January to September 2020, the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) paid UAH 12.2 million (~EUR 0.36 million*) from the Victim protection fund to the victims of road traffic accidents-clients of bankrupt insurers, as MTIBU said in its press release.
22 October 2020UKRAINE: new tariffs for Green Card policies to be effective from October 19
The Motor (Transport) Insurance Bureau of Ukraine (MTIBU) introduces new tariffs for Green Card insurance for travelling abroad by car, effective from October 19, OPEN4BUSINESS.COM.UA informed with reference to the Bureau.
20 October 2020UKRAINE: TAS insurance group sets a new sales record
TAS insurance group again set a sales record - GWP volume exceeded UAH 1.5 billion (~EUR 45.41 million*) as of October 7, 2020, Forinsurer writes.
16 October 2020STATISTICS: UKRAINE, 1H2020: Despite the general market decline by 23%, insurers' assets and insurance reserves increased
According to the data for 1H2020, published by the National Bank of Ukraine, the market decreased by 23% y-o-y, to UAH 21 billion (EUR 701.43 million). At the same time, the downtrend was observed only in the non-life sector, while life insurance recorded an increase of almost 10%.
8 October 2020UKRAINE: for January-September, the number of payments for uninsured drivers increased by 22% y-o-y
According to the results for 9 months of 2020 in Ukraine, the number of payments by the MTIBU Fund of protection of victims for uninsured drivers, responsible for road accidents, increased by 22% y-o-y while the amount of payments - by 23.5% y-o-y, MTIBU reported.
8 October 2020UKRAINE: partnership of ARX and InfoCar to make motor insurance more affordable
ARX insurance company, which is among TOP-3 non-life insurers in Ukraine, and the country's largest automotive media resource InfoCar announced a global partnership to make motor insurance more understandable and affordable, which also includes development and promotion of new products and online services, Forinsurer reports.
29 September 2020UKRAINE: In the first half of 2020, almost 93% of MTPL claims paid for property damage
The number of traffic accidents in the country in 1H2020 amounted to 72.4 thousand, which is 1% less y-o-y, and the number of traffic accidents with injured decreased by 4%, to 11.2 thousand, while the mortality rate is 9.1 people per 100 thousand population, according to the press-release of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU).
17 September 2020UKRAINE: GWP under Green Card policies dropped by more than 36% y-o-y
For the period from January to June 2020, GWP under Green Card policies, issued by members of the Motor (Transport) Insurance Bureau of Ukraine (MTIBU) decreased to UAH 0.56 billion (~EUR 18.8 million*), which is 36.37% less y-o-y, Forinsurer reports.
10 September 2020UKRAINE: GWP of UNIQA group exceeded UAH 1.5 billion in the first half of 2020
UNIQA Ukraine insurance group, which includes UNIQA and UNIQA Life, received net profit before tax in the amount of UAH 324.5 million (~EUR 29.86 million*) in the first half of 2020, more y-o-y, as Forinsurer reports.
3 September 2020UKRAINE: MTPL GWP in 2Q2020 increased by almost 20% y-o-y
The number of MTPL contracts concluded in 2Q2020 amounted to 2.26 million units, which is almost at the same level as the prior year. MTPL GWP reached UAH 1.6 billion (~EUR 53.9 million*), which in local currency is 19.9% more y-o-y, as Motor (Transport) Insurance Bureau of Ukraine (MTIBU) informed on its website.
20 August 2020XPRIMM Newsletter
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